Axis Securities recommends buying Bank of Baroda shares with a target price of Rs 310, indicating potential growth. Currently priced at Rs 248.2, the bank has reported a significant increase in total income and net profit for the latest quarter. Promoters hold a majority stake, and the valuation suggests an upside.
RBI Bulletin: AI revolutionizes Indian banking (30-10-2024)
However, the RBI also cautioned about the potential challenges associated with AI implementation. One of the primary concerns is the risk of bias in AI algorithms, which could lead to discriminatory outcomes. Additionally, ethical considerations surrounding data privacy and security need to be carefully addressed to ensure responsible AI usage.
Dynacons Systems secures Rs 108-cr order from NABARD (30-10-2024)
Dynacons Systems & Solutions informed that it has received a follow-up contract of Rs 108 crore from the National Bank for Agriculture and Rural Development (NABARD) for delivering an advanced CBaaS solution for the Haryana State Cooperative Bank.
Swiggy sets price band at Rs 371-390 for Rs 11,327 crore IPO. Check details (30-10-2024)
On Wednesday, online food delivery company Swiggy announced the price band for its upcoming IPO, set at Rs 371-390 per share, raising a total of Rs 11,327.43 crore. The offering includes a fresh issue of shares worth Rs 4,499 crore, along with an offer for sale (OFS) of 17,50,87,963 equity shares.
RBI Bulletin: India’s economy stays strong despite global headwinds (30-10-2024)
The key driver of this optimism lies in the strength of domestic consumption and investment demand. Improved rural demand, fueled by a strong agricultural outlook, is underpinning private consumption. Additionally, government’s focus on capital expenditure and supportive policies for manufacturing are bolstering investment activity.
Voltas shares in spotlight as co posts 269% YoY jump in Q2 PAT (30-10-2024)
Voltas Share Price: Shares of Voltas are expected to be in the spotlight on Wednesday after the company reported a 269% year-on-year (YoY) surge in consolidated net profit, reaching Rs 133 crore for the September quarter, compared to Rs 36 crore in the same period last year. This growth was primarily driven by a 56% increase in volume from its room AC business.